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Technical Analysis – Boeing stock flirts with 23.6% Fibonacci after rebounding near lows

Posted on October 23, 2019 at 3:27 pm GMT

Boeing stock buyers reversed the price back up to 349, which is the 23.6% Fibonacci retracement of the down leg from 445.08 to 319.34 to limit further losses. The MACD and the 20-day simple moving average (SMA) are skewed towards a short-term bearish picture. Yet, the RSI and the stochastics reflect strengthening positive momentum, with the RSI rising out of the oversold zone, while the %K has moved above 20 by completing a bullish cross of its red %D line. If [..]

Tesla reports Q3 earnings today but nothing encouraging expected – Stock Market News

Posted on October 23, 2019 at 2:58 pm GMT

The electric car maker Tesla is scheduled to report earnings for the third quarter today after the market close, with forecasts pointing to another weak period. Recommendations are leaning towards selling the stock. Cost efficiency is the goal Tesla announced a smaller increase in car deliveries for the third quarter than markets anticipated at the start of October and although this was also below the 100,000 quarterly target set by the ambitious CEO Elon Musk, the company managed to achieve a new [..]

Amazon’s earnings: profit squeeze and regulatory blues? – Stock Market News

Posted on October 23, 2019 at 1:15 pm GMT

The world’s leading online retailer will announce its earnings for Q3 after Wall Street’s closing bell on Thursday. Profit margins are expected to have been squeezed, amid rising costs. Yet, perhaps most of the attention could fall on the performance of the firm’s cloud business. Beyond that, any comments by management about the recent antitrust investigations could also be crucial for the stock’s reaction. The e-commerce colossus is set to report earnings per share (EPS) of $4.60 in Q3 according [..]

Technical Analysis – Tesla stock unable to breach swing high; returns to 200-day SMA

Posted on October 23, 2019 at 7:51 am GMT

Tesla stock currently holds at the 200-day simple moving average (SMA) located at 254, which is also the 38.2% Fibonacci retracement of the down leg from 379.21 to 176.65. Sellers reversed the price – ahead of the resistance at 266 from July 24 – back down, denying further gains. The short-term oscillators are cautiously skewed towards a price improvement. The MACD, remaining above its red trigger line in the positive zone, has declined closer to it. Moreover, in the bullish [..]

Microsoft to report another solid quarter; focus on cloud computing – Stock Market News

Posted on October 22, 2019 at 4:38 pm GMT

Microsoft will report its first fiscal quarter earnings result on Wednesday after the market close. The tech behemoth, whose share price has soared by about 36% in the year-to-date, has been benefiting from impressive growth in its cloud computing business. But competition from the likes of Amazon’s Web Services threatens to put the brakes on Microsoft’s fastest growing revenue division. Strong earnings expected for September quarter The Company has been consistently meeting or beating its earnings estimates over the last [..]

Technical Analysis – GER30 index pauses despite bullish bias

Posted on October 18, 2019 at 12:58 pm GMT

GER30 stock index bulls have consolidated around the 12661 (resistance-turned-support) level of July 4. The bulls tried to extend higher, but sellers reversed the price back down to 12,590, which is the 23.6% Fibonacci retracement of the up leg from 11,878 to 12,815. Despite the sideways move, the short-term oscillators now lean towards an improving market. The RSI is reflecting a minor improvement in positive momentum as it has turned back up in bullish territory, looking to reclaim the 70 [..]

Technical Analysis – US30 stock index back to neutral; swing peak restricts more gains

Posted on October 17, 2019 at 2:27 pm GMT

US30 stock index buyers have been unable to decisively overcome the resistance of 27,069, despite the bullish signals backing the move which commenced on October 10. The 50- and 100-period simple moving averages (SMAs) have realigned themselves with the positive picture, completing a bullish crossover. The short-term momentum oscillators confirm the positive view despite the pause in the market, also reflected by the smoothing in the Tenkan-sen’s slope. The MACD is in the positive area and underneath its red trigger [..]

Technical Analysis – JP225 index remains bullish; consolidates at May high

Posted on October 16, 2019 at 3:05 pm GMT

The Japan 225 cash index’s recent rally has paused at the May high of 22,486 after producing a ten-month high of 22,612. Following an ascent that bounced off the 21,054 level, which is the 50.0% Fibonacci retracement of the up leg from 19,860 to 22,252, the signals are leaning towards a persisting positive outlook. The short-term oscillators reflect the bullish momentum is strengthening. The MACD is above its red trigger line and deep in positive areas, while the RSI is [..]

Technical Analysis – JPMorgan stock gathers some positive vibes below record highs

Posted on October 15, 2019 at 11:21 am GMT

JPMorgan Chase & Co saw its stock unlocking new record highs at 120.33 in mid-September before pulling back. The 200-day exponential moving average (EMA) strictly halted the downside correction thereafter as it did at some point in the past, allowing the bulls to regain some ground. The short-term risk looks to be tilted slightly to the upside as the RSI has softly increased above its 50 neutral mark and the MACD turned positive on Monday. Additionally, the triple exponential average [..]

US banks poised for a weaker earnings season – Stock Market News

Posted on October 14, 2019 at 4:06 pm GMT

It will be a “Bank week” for the US as the four largest banks by market capitalization will kick off the earnings season by reporting their financial statements for the third quarter. JPMorgan Chase, Citigroup and Wells Fargo will be announcing on Tuesday, while Bank of America will release its own numbers on Thursday. Under a lower interest rate environment, traders will be looking for any signs of weakness in net interest rate margins. Yet, the banking results may not appear as ugly [..]

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